Unfortunately the circumstances where this is useful is very limited. You'd have to be in very close range and in a very bad disadvantage, which honestly doesn't last long (you'd blow up very fast) and when you start decelerating you become a very easy target to hit. And after your opponent overshoots--you just lost a ton of energy--and energy is everything in aerial combat. Energy is the currency you spend to maneuv…
We can't really call the resulting maneuver a clean airshow version of the "Cobra" anymore; but that's OK: it's a bit more deadly!
The airshow version merely demonstrates the aircraft's abilities. An actual pilot practicing combat maneuvers creatively applies those abilities to an actual situation at hand.